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Cryptocurrency Bitcoin and the Future

Author(s):

Mr.Riyaj Mohammad , Kalinga University Kotni, Raipur, Naya Raipur (C.G); Mr.Rahul Chawda, Kalinga University Kotni, Raipur, Naya Raipur (C.G)

Keywords:

Cryptocurrency, Bitcoin, Encrypted, Currency, Bit pay, Exchange Rates

Abstract

The possibility of advanced monetary forms has existed for quite a long time. Be that as it may, regardless of some exertion on the some portion of software engineers, none demonstrated feasible. At that point, not exactly 10 years prior, Bitcoin detonated into the universe of digital currency. Presently, Bitcoin has become not just a social marvel, be that as it may, a political and monetary one too, holding the financial eye of the world hostage through its turbulent course. It has right now been generally talked about and utilized in many created nations. In any case, my speculation is that Bitcoin gives a particular bit of leeway to populaces living in immature and battling economies, since it is takes care of the issues of hyperinflation, trade, forging, and detachment. This paper additionally recommends that the three factors that may ruin the far reaching appropriation of Bitcoin in these battling economies is absence of framework, undiscovered issues with the Bitcoin organize itself, and dread of the obscure.

Other Details

Paper ID: IJSRDV8I20614
Published in: Volume : 8, Issue : 2
Publication Date: 01/05/2020
Page(s): 1061-1067

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